Tag Archives: cash

Crystal Coast Real Estate Market Report May, 2016

Generally speaking, anyone in business or in sales is looking for bigger numbers. But sometimes big numbers can register a “false positive”. Sometimes what you are looking for are smaller numbers. It is in these areas we will look at and see why sometimes less is much, much better when dealing in real estate. But first, let’s take a year over year comparison of the month of May along the Crystal Coast. It proved to be a very...
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Crystal Coast Real Estate Market Report

The Crystal Coast real estate market continues to be a unique market with trends not found around the rest of the state. The good news is that sales have improved and inventory has started to loosen. The interesting real estate news is that average sold price’s are scattered compared to recent history with the bulk of home sales skewing towards the more economical…

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Crystal Coast Home and Condo Report

Here is a very good overview of the Crystal Coast real estate market as it stands right now. Price, location, inventory and financing are all discussed. It covers 2013 in review and the status of things here and now. It’s clear, concise and to the point! Crystal Coast Home Sold Prices.The median sold price of a Crystal Coast home in 2013 was $184K. The average sold price was $234K. The reason for the…

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Crystal Coast Foreclosures and Short Sales

The Crystal Coast and surrounding counties saw a lot of foreclosures and short sale activity this past month. Mixed in was the stunningly high rate of cash sales. But do the two necessarily go hand in hand? And are foreclosures and short sales really worth the added hassles?

Crystal Coast Distressed Sales

Approximately 7 percent of all homes listed in the Crystal Coast and surrounding counties were some type of distressed property. This can be deceptive to the public because most of the time there is no...
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Crystal Coast Real Estate Market Report

Here is the painful truth about the Crystal Coast real estate market place. The Crystal Coast has a Wal-Mart size of inventory but it has a convenience store sized customer base. The area has never been able to handle successfully more than 1,000 active homes for sale at a single time. We’ve been above 2,000 active properties since the year 2005. Normally when you have an excess of inventory you reduce price to motivate sales. Crystal Coast homes are on average about 10 percent...
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Crystal Coast Real Estate and Home Report

Fall real estate activity can be interesting along the Crystal Coast. October for example is traditionally one of the most active sales month of the year. With the month of September nearly under our belt, how is the end of the year starting to shape up? What about Crystal Coast home prices? The home market looks in decent shape. The average price of a Crystal Coast home is currently at $219K with a 16 month supply of inventory.

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Home Prices and Sales Are Up

The differences between the local Carteret County and Crystal Coast real estate market compared to the national real estate market can be vast. Inventory seems to be the biggest problem but for different reasons. But two things are for sure. Sales are increasing and prices are rising. Is this the recovery we’ve all be anticipating? The National Association of Realtors® (NAR) just released their April data. It shows that existing home sales…

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